$2,950,000

Estimated payment $17,318/month

Total Views 84,290
11 Beds
7 Baths
3,920 Sq Ft
$753 Price per Sq Ft

Highlights

  • Central Air
  • 4-minute walk to St. James Station Southbound
  • 4-minute walk to John P. Mcenery Park

About This Home

Welcome to 106 N 5th Street, a beautifully remodeled victorian home in downtown San Jose. Built in 1903 and now fully updated, this 3,920 sqft property offers 11 units, with a total of 11 bedrooms and 7 bathrooms, ideal for multi-family living or investment. A key feature is its conditional use permit, allowing it to function as either a residential or commercial apartment, offering unique flexibility for investors or entrepreneurs. The home blends modern amenities with classic charm, featuring a separate family room, elegant dining area, and multiple cozy fireplaces. Central AC ensures year-round comfort, and the sturdy updated concrete foundation adds peace of mind. Located on a quaint 0.09-acre lot, you're in the heart of all the best that San Jose has to offer, including top schools like Horace Mann Elementary and San Jose High Academy. Don't miss this rare opportunity to own a piece of San Jose history, reimagined for contemporary living.

Listing Agent

Wesley Craig

Coldwell Banker Realty License #02114426 Listed on: 07/15/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,732

Year Built

  • 1903

Home Design

  • 3,920 Sq Ft Home
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 2 Car Garage
  • No Garage
  • Garage Door Opener

Additional Features

  • 3,920 Sq Ft Lot
  • Central Air

Community Details

Overview

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $4,500
  • Maintenance Expense $6,000
  • Manager Expense $15,840
  • Other Expense $2,000
  • Utility Expense $12,000
  • Trash Expense $2,400
  • Operating Expense $87,690
  • Gross Income $237,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,732

Year Built

1903

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Multiple Dwellings / Structures
  • Age: 122
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1903

Interior Features

  • Living Sq Ft: 3920

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Gate / Door Opener, No Garage

Utilities

  • Cooling System: Central Ac
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified
  • Elementary School: Horace Mann Elementary
  • Middle School: Peter Burnett Middle
  • High School: San Jose High Academy
  • High School: 349
  • Elementary School: 371
  • Middle School: 337

Lot Info

  • Lot Acres: 0.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3920.00

Rental Info

  • Gross Rent Multiplier: 11.17

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4500
  • Expense Landscape: 1200
  • Expense Maintenance: 6000
  • Expense Management: 15840
  • Expenses Other: 2000
  • Expenses Total: 87690
  • Expenses Utility: 12000
  • Expense Trash: 2400
  • Income Annual Gross: 237600.00
  • Income Annual Rental: 264000
  • Income Gross Scheduled: 264000
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance
  • Vacancy Factor: 10

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,732 $803,807 $289,658 $514,149
2023 $11,469 $788,047 $283,979 $504,068
2022 $10,796 $772,596 $278,411 $494,185
2021 $10,525 $757,448 $272,952 $484,496
2020 $10,668 $749,683 $270,154 $479,529
2019 $11,403 $734,984 $264,857 $470,127
2018 $10,974 $720,573 $259,664 $460,909
2017 $10,898 $706,445 $254,573 $451,872
2016 $10,318 $692,594 $249,582 $443,012
2015 $10,596 $682,192 $245,834 $436,358
2014 -- $668,830 $241,019 $427,811
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $2,950,000 -- $753 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed $13,000 None Available
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- Alliance Title Company
Grant Deed $555,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Corporate Deed $295,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 Unknown
Closed $1,000,000 Commercial
Previous Owner $300,000 Credit Line Revolving
Previous Owner $504,000 Commercial
Previous Owner $444,000 Commercial
Previous Owner $273,750 Commercial
Previous Owner $203,150 Commercial
Closed $55,500 No Value Available
Source: Public Records

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Source: MLSListings

MLS Number: ML82014705

MLSListings

APN: 467-19-040